Mubadala Capital & TWG Global to Acquire Clear Channel for $6.2B

Mubadala Capital and US private equity firm TWG Global have agreed to acquire Clear Channel Outdoor Holdings in an all-cash transaction valued at $6.2 billion.

The deal values Clear Channel’s stock at $2.43 per share and represents a 71% premium to the company’s unaffected share price prior to media speculation on October 16th, 2025. The company’s board of directors has unanimously approved the agreement, which includes a 45-day go-shop period allowing the company to solicit and evaluate alternative proposals.

Clear Channel operates more than 61,000 print and digital advertising displays across the United States. The company reported revenue of $405.6 million in the third quarter of 2025, marking an 8.1% year-on-year increase.

The transaction is expected to close by the end of the third quarter of 2026, subject to regulatory approvals and customary closing conditions. Upon completion, Clear Channel’s shares will be delisted, while its headquarters will remain in San Antonio, Texas.

Debt financing for the acquisition has been secured from a group led by JPMorgan Chase Bank and Apollo Funds.